The AB=CD pattern is easy to identify on charts and consists of 2 equivalent price legs. It has specific Fibonacci measurements of each point within its structure, eliminating room for flexible interpretation. The C point must retrace to either a 0.618 or 0.786 and the BC projection is either 1.27 or 1.618. When the BC projection and the AB=CD completion converge closely and define a small area, the chance of a reversal increases.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. A common stop level is behind a structure level beyond the D point. Conservative traders may look for additional confirmation before entering a trade, for instance an aligning RSI value or a specific candlestick pointing at a reversal. TradingView has a smart ABCD Pattern drawing tool that allows users to visually identify this pattern on a chart. There are several variations, based on CD being an extension of AB such as the 1.27 AB=CD or the 1.618 AB=CD pattern.
MMHVW - I’m thinking of adding some Pfizer shares to my portfolio. Dividends is not bad either at 3.65%. Debt is well covered by operating cash flow (37.6%, greater than 20% of total debt). It is worth noting that the company’s level of debt (66.1%) compared to net worth is high I normally consider less than 40% to be okay.
MMHVW - Humana Inc., together with its subsidiaries, operates as a health and well-being company in the United States. Share price is $248.45 vs Future cash flow value of $527.61 Is considerably undervalued. It’s level of debt (61.4%) compared to net worth is considered high, however, Its debt is well covered by operating cash flow (34.8%, greater than 20% of...
GBPUSD Bearish Butterfly and AB=CD
1.3376 is the 1.272 FIB ext and AB=CD completion
Now price already fall from this level.
Sell GBPUSD
Aim for a big reversal
TP1: 1.3220
TP2: 1.3120
TP3: 1.2850
Exit the trade if new high broken
GBP has been cycling up for many months and after an impulse move during the first 2 weeks of March, and a slow retrace over the past 4 weeks, we are now seeing what appears to be a first higher low at the 61.8% retraced level.
Entries and secondary entries on retest to ride the pair up to 1.99
Entry is at Strong Support Level
Just a trade idea, entry is at your own risk
FX:USDJPY Monthly Analysis - Buy now, sell it next Month
Bearish Crab 1.618
Bearish ABCD
Potential Bullish Shark AC 1.13-1.618 XD 0.886
Andrews Pitchfork - Median Line
Support and Resistance Levels
Moving Averages
Fibonacci Retracement Levels
This is an update from my previous weekly chart analysis which has already wipeout my lockprofit :), So,let's just...
Gold has been in a short term bounce from 1281 support level.
AB=CD pattern completed at 1311.
Price seems to fail at MA(200) on the 4 hour-chart
There are confluence levels at 1311, which might signal a short term reversal:
- Moving Average (200)
- 23.6% Fibonacci Retracement from 1196 to 1346
- AB=CD pattern target
Also noted that MACD hidden divergence means...
We can short trade from 81.900 - 82.400
and following shown targets and stop lose .
** Important **
this is a daily chart and stop lose is BIG
so please make sure that your potential
lose not more than 2% of you portfolio >
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action...
We have a new trading opportunity.
BREAKOUT + RETEST TRADE
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AB=CD pattern completed and we have lower low lower close
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect...
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not necessarily be a reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the...
USDCAD Multiple AB=CD
Guys, from the chart we can see there are
Two groups of ab=cd (Red Color)
and they formed a BIG AB=CD (Black Color)
Therefore the USDCAD can still move higher
till 1.3575- 1.3640 area
However, Knowing where it might go
wouldnt help you make money.
We need a Trading Plan to enter !
Solution:
Find pull back of USDCAD (1.3060-1.3080) to...
My strategy: I used many techniques in my analysis with
- Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
- Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or...
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